11. Bevs Bakery specializes in sourdough bread. Early each morning, Bev must decide how many loaves to

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11. Bev’s Bakery specializes in sourdough bread. Early each morning, Bev must decide how many loaves to bake for the day. Each loaf costs $0.75 to make and sells for $2.85. Bread left over at the end of the day can be sold the next for $1.00. Past data indicate that demand is distributed as follows:

Number of Loaves Probability 15 0.05 16 0.05 17 0.10 18 0.10 19 0.20 20 0.35 21 0.10 22 0.05 Develop a Monte Carlo simulation model to find the profit for baking any quantity of bread and use multiple parameterized simulation to identify the best number to bake.

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